Bank of Nova Scotia BNS

Primary Symbol: T.BNS

Financial Services

The Bank of Nova Scotia is a bank in the Americas. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. Its segments include Canadian Banking, International Banking, Global Wealth Management and Global Banking and Markets. The Canadian Banking segment provides a full suite of financial advice and banking solutions to retail, small business and commercial banking customers. The International Banking segment is a diverse franchise with Retail, Corporate, and Commercial customers. The Global Wealth Management segment is focused on delivering comprehensive wealth management advice and solutions to clients across its footprint. The Global Banking and Markets segment provides corporate clients with lending and transaction services, investment banking advice and access to capital markets.

TSX:BNS - Post by User

Bank of Nova Scotia > Time to accumulate

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Comment by FiddyFiddyOddzzon Apr 13, 2022 6:22pm

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Post# 34602074

RE:RE:RE:Time to accumulate

I was under the impression the higher interest rates go, the more money banks make.
Given today was the first time in 22 years the Bank Of Canada had raised rates by 0.5 %, I expected a decent jump in stock price but that didn't happen...

Biggy G wrote:"True they are at the moment. However with Trudeaus big housing stock promises the banks will be doing the mortgages not to mention rate increases so it could be a bonanza for the banks looking forward imo"

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